Trimming This Retail Position as the Sector Diverges
With retail stocks slipping as earnings approach, we’re reducing our position.
Is Oil Telling Us Something?
As peace eludes and perils grow in Middle East, why hasn’t oil run wild … yet? Also, the ‘BUZZ’ on chips and trouble n China.
Anticipation of a Pullback Is Preventing … a Pullback
The bearish argument is logical, but price action refuses to confirm it. Here’s what could change things.
Weekly Roundup: An Electric Week for the Market Was Also a Great One for the Portfolio
We added to one holding this week, and locked in outsized gains for two others.
While Sentiment Chugs Upwards, Most Stocks Just Creep and Churn
It’s one of those markets where the indexes move ahead, but the breadth hasn’t broadened out.
Weekly Roundup: A Hot Start to August as Portfolio Catches a Wave
We added three new holdings this week, diversifying our lineup, and locked in massive gains across three others.
Bearish Bets: Three Big Stocks, Three Big Falls
Let’s check out how a popular retailer, major heating and air conditioning play and a large lender are all falling quickly.
People Think Market Breadth Is So Good. Why Are the Breadth Indicators So Bad?
Rather than rely on anecdotal evidence, let’s take a look at what matters, the indicators.
The Less Obvious Observation
There were two important observations regarding sector movements on Wednesday, including the obviously large-sized drop in memory and chip stocks (We are short many of these in our High-Beta Tech Short Basket).
But less obvious (apologies to The Princess Bride’s Vizzini) was the drop in Walmart’s ($WMT) share price:
Walmart Inc. (WMT)
108.82-4.44 (-3.92%)
At close: July 1 at 4:00:01 PM EDT
109.52+0.70(+0.64%)
The consumer is spent up, not pent up.
Position: Short High-Beta Tech Basket